ETFMG Alternative Harvest ETF (NYSEARCA:MJ) Shares Sold by UBS Group AG

UBS Group AG cut its stake in shares of ETFMG Alternative Harvest ETF (NYSEARCA:MJ) by 95.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,366 shares of the company’s stock after selling 71,860 shares during the quarter. UBS Group AG’s holdings in ETFMG Alternative Harvest ETF were worth $38,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raffles Associates LP acquired a new stake in ETFMG Alternative Harvest ETF in the fourth quarter valued at $2,910,000. Equitable Holdings Inc. acquired a new stake in ETFMG Alternative Harvest ETF in the fourth quarter valued at $2,412,000. TAP Consulting LLC lifted its holdings in ETFMG Alternative Harvest ETF by 81.1% in the first quarter. TAP Consulting LLC now owns 75,625 shares of the company’s stock valued at $862,000 after acquiring an additional 33,857 shares during the period. Janney Montgomery Scott LLC lifted its holdings in ETFMG Alternative Harvest ETF by 7.3% in the first quarter. Janney Montgomery Scott LLC now owns 62,436 shares of the company’s stock valued at $712,000 after acquiring an additional 4,254 shares during the period. Finally, Brookstone Capital Management lifted its holdings in ETFMG Alternative Harvest ETF by 18.1% in the first quarter. Brookstone Capital Management now owns 45,305 shares of the company’s stock valued at $516,000 after acquiring an additional 6,939 shares during the period.

NYSEARCA:MJ opened at $12.87 on Wednesday. ETFMG Alternative Harvest ETF has a 52-week low of $8.81 and a 52-week high of $32.16. The stock has a fifty day simple moving average of $13.41 and a 200-day simple moving average of $14.11.

Further Reading: Are FAANG stocks a good investment?

Institutional Ownership by Quarter for ETFMG Alternative Harvest ETF (NYSEARCA:MJ)

Receive News & Ratings for ETFMG Alternative Harvest ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ETFMG Alternative Harvest ETF and related companies with MarketBeat.com's FREE daily email newsletter.